Dangote Sugar refinery Plc (DSR) a major subsidiary of the Dangote Group, has disclosed that it has listed 146,878,241 additional ordinary shares on the Nigerian Stock Exchange (NSE), as a result of the recent merger with Savannah Sugar Company Limited.
This notice signed by Head, Listings Regulation Department, GodstimeIwenekhai, was released during trading hours on Wednesday.
The additional shares listed on The Exchange were the fallout from the Merger between Dangote Sugar Refinery Plc and Savannah Sugar Company Limited.
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“The additional shares listed on The Exchange arose from the Scheme of Merger between Dangote Sugar Refinery Plc and Savannah Sugar Company Limited.
With this listing of the additional 146,878,241ordinary shares, the total issued and fully paid up shares of Dangote Sugar Refinery Plc has now increased from 12,000,000,000to 12,146,878,241ordinary shares of 50 kobo each.
The additional 146,878,241 ordinary shares of 50 kobo listed are in consideration for the transfer by SSCL of all its assets, liabilities and business undertakings, including real property and intellectual property rights to DSR.
